FINWIRES · TerminalLIVE
FINWIRES

Trump Says Iran Sought Reopening of Strait of Hormuz

By

-- US President Donald Trump said Tuesday that Iran had informed the US it was in a "state of collapse" and had requested the reopening of the Strait of Hormuz.

"Iran has just informed us that they are in a 'state of collapse.' They want us to 'open the Hormuz Strait,' as soon as possible, as they try to figure out their leadership situation," Trump said in a post on Truth Social.

The comments come amid a naval standoff in the Strait of Hormuz that has effectively shuttered the strategic waterway, sending global energy markets into a tailspin.

Meanwhile, Iran's mission to the United Nations on Monday said that any disruption to shipping in the Persian Gulf and the Hormuz would be the US' responsibility, in a social media post.

Iran made the remarks at a UN Security Council meeting on maritime safety, alleging that Washington had engaged in unlawful actions that threaten international navigation.

"Any disruption to maritime transport in the Persian Gulf and Strait of Hormuz directly and its consequences lie with the US, whose unlawful actions endanger international navigation," it said.

The mission said it had the legitimate right over the Strait, "As the main coastal state, Iran has the legitimate and legal rights to take necessary and proportionate measures to address emerging security threats, ensure safe navigation, and prevent the misuse of the Strait of Hormuz for hostile or military purposes," Iran's mission said in a post on X.

The mission also alleged that the US maritime blockade violated international law.

"The US imposition of a maritime blockade, illegal seizure of Iranian vessels, and taking their crews hostage violate international law, the UN charter, and amount to piracy and aggression," the mission said.

Iran called on the UN Security Council to ensure accountability and the immediate release of all vessels and crew members.

Commercial vessel traffic through the Hormuz remains tightly constrained. The latest data from Kpler show that only six vessel crossings were recorded, up two from the previous day, all moving west to east and evenly split between commercial and non-commercial activity.

Related Articles

Australia

IMAX is Poised to Surpass 50% EBITDA Margins by 2028 on Rise in Filmed-for-IMAX Titles, Wedbush Says

IMAX (IMAX) is poised to surpass 50% earnings before interest, taxes, depreciation and amortization margins by 2028 as the company continues to benefit from an uptick in volume and quality for filmed-for-IMAX titles in 2026 through 2028, Wedbush said in a Friday note.Wedbush said IMAX remains on its "Best Ideas List" and that the company sees further upside from global footprint expansion, higher volume of alternative content to boost revenue and its global box office increasingly relying on a mix of local language and global fare.The 2026 to 2027 "global film slate underscores IMAX's growing prominence in Hollywood and worldwide as an essential partner for major theatrical releases across genres, languages, and geographies," according to the note.Wedbush reiterated its outperform rating with a $46 price target.Price: $35.35, Change: $-2.68, Percent Change: -7.04%

$IMAX
Australia

Western Digital Set to Benefit From Accelerating HDD Demand, Morgan Stanley Says

Western Digital (WDC) is expected to benefit further from accelerating demand for hard disk drives after a "great" fiscal Q3 results, Morgan Stanley said in a Friday report."AI training, inferencing, and agentic workflows are driving accelerating HDD demand, supporting WDC's confidencein >25% long-term nearline EB CAGR," the report said.The note said visibility is also extending, with some hyperscalers locking down capacity into 2029.The note added that its June quarter gross margin guide of 51% to 52% was optically weak, but it reflects conservatism, rather than any weak pricing or cost trends."This quarter reinforces our bullishness on HDDs as a whole, and WDC," the report said. Morgan Stanley boosted its price target to $488 from $380 while reiterating its overweight rating.Price: $427.61, Change: $-6.91, Percent Change: -1.59%

$WDC
Australia

Pegasystems Poised for Growth Acceleration With Blueprint Platform, Wedbush Says

Pegasystems (PEGA) is poised to accelerate annual contract value growth and meet its 2026 free cash flow target as Blueprint, its low-code workflow-design platform, plays a larger role in early customer engagement, Wedbush Securities said Friday in a report.Wedbush said it is "incrementally more bullish" following discussions with Pegasystems executives and the recent pullback in shares appears "overblown."Blueprint is simplifying how Pegasystems works with prospective customers by helping them design and visualize use cases during initial meetings, historically a costly hurdle for the company, Wedbush said. The platform's ease of use supports expectations that new customers will drive about 15% of subscription-contract growth in fiscal 2026, up from 10% previously, the report said.On costs, Pegasystems has taken a "methodical approach" to stock-based Compensation, keeping it in the 8% to 9% range of revenue and prioritizing consistency rather than tying compensation to fluctuating stock prices, Wedbush said. That discipline should support sustainable free cash flow generation despite broader software-sector pressures, the report said.Wedbush maintained its outperform rating on Pegasystems stock with a price target of $60.Price: $36.53, Change: $-0.02, Percent Change: -0.05%

$PEGA
Trump Says Iran Sought Reopening of Strait of Hormuz | FINWIRES